Bursa Malaysia is showing some early optimism with low liners and healthcare stocks leading the way. ― Picture by Hari Anggara
Market breadth was positive with 260 gainers against 102 losers, while 280 counters were unchanged, 1,345 untraded and 16 others suspended.An equity analyst said pharmaceutical stocks registered steady gain since yesterday backed by optimism about Covid-19 vaccine, pushing stocks related to the main pharma contractors up.
As for small and mid-sized cap stocks, institutional investors are upbeat on the market performance and newcomers have seen positive gains since listing, she said. “At the same time, the lofty valuations might cap further gains at this current juncture. Nevertheless, the ample liquidity-driven market may continue to provide further trading opportunities as rotational plays dominate the current market scenario,” it said.
Source: News Formal (newsformal.com)
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